USDJPY Daily Analysis – August 21, 2020

USDJPY is now in the downtrend from 107.05, the bounce from 105.10 is likely corrective consolidation for the downtrend. Further decline would likely be seen in the coming days and next target would be at 105.00 area. Near term resistance is at 106.21, only break above this level could trigger another rise towards 108.00.

USDJPY 4-hour chart